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Transcripts For BBCNEWS Talking Business 20240701

and tyson fury will take on dillian whyte later in what s expected to be one of the biggest all british heavyweight fights in boxing history. now on bbc news. talking business. hello, everyone, and welcome to talking business weekly, with me, aaron heslehurst. let s talk about what is on the show. it is the great business retreat, more than 750 companies exit russia in response to putin s war in ukraine. but many still remain. will those making the stand really make a difference or is it more symbolic? i am going to find outjust how important these foreign brands are to the russians and their economy. i will be discussing all of that with these two experts, one who has been naming and shaming corporate in action, and one who has been helping companies make these big decisions. also on the show, mounting calls for a full embargo on russian energy. the boss of ukraine s biggest oil and gas company tells me why current sanctions don t go far enough. where ever you are joining

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Transcripts for BBCNEWS Talking Business 20240604 14:37:00

is still operating in russia? to find out, i caught up with geoffrey sonnenfeld from yale university who has been compiling a list of some of the biggest household names, marking their action and inaction on leaving the russian market. geoffrey, a real pleasure having you on the show. thank you for your time. let s start with this. you and your team have been compiling this list of companies and their actions over the war in ukraine. just explain, how does it work? we have classified companies into five different categories. we are a school house at yale so of course we have letter grades as ourexpertise, a, b, c, d, e, and f. in the beginning, it was just a binary split of who is curtailing and who is not curtailing. and the reason is because we had so many sleazy pretenders who were coming along and acting like they were doing something but they really weren t. briefly, who are some of these names on the so called bad list? one of them, i guess you would have to consider the us

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Transcripts for BBCNEWS Talking Business 20240604 14:42:00

has been a long time. it is having demonstrable subsidy effects. geoffrey, what is your end goal? the ultimate goal, which nobody has ever asked before, it would be to have the russian people jump asked before, it would be to have the russian peoplejump out on asked before, it would be to have the russian people jump out on the streets. instead of hovering in fear and hiding from the truth. the world hasn t seen somebody who has this amount of power as putin that has this amount of power in a long time. it was said recently at one of our summits, this is the most dangerous person who ever walked the planet. surely not as bloody as hitler or genghis khan but given time. and unlike those other horrendous tyrants, they didn t have nuclear weapons, they didn t have a bottomless pit of oil money, so it is critical that we stop this government, stop this leader, and thatis government, stop this leader, and that is the goal of these business

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Transcripts for BBCNEWS Talking Business 20240604 14:43:00

boycotts. they can t do business there. a prominent financier is said to us he is sorry he forgot his own golden rule which was never do business where it is the rule of leaders instead of the rule of law. geoffrey sonnenfeld, i appreciate your time, thank you very much for joining me, iwould your time, thank you very much for joining me, i would love to talk to you again soon. joining me, i would love to talk to you again soon- staying on the subject of to leave or not to leave russia, i have been speaking to stephen fox, former us diplomat and now executive chairman and founder of. real pleasure having you with me and thanks for your time. can we start with this. i m wondering what kind of conversations are you home with your clients over the russian exposure at the moment? i think we have moved to a second stage of conversation, in fact, in the first stages do we still do we go in the vast murthy said we go.

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